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Argentina's soybean harvest came in about 300,000 tonnes above forecast, with 93.2% of the crop reported harvested. Wheat planting in Buenos Aires province lagged sharply, with only 20% of the forecast area sown after excessive May rain.
The Rosario exchange estimated the wheat harvest at 18 million tonnes, the lowest planting area in 12 years, after drought and La Niña.
A larger soybean crop adds export supply, which is bearish for soy products, while a small wheat area and drought-hit crop support wheat prices and feed grain substitution demand.
agribrasilis.comadminJun 13, 2025After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 118 past bearish weather events, Soybean Meal moved a median -0.8% over 5 sessions (35% higher; middle half -3.2% to +0.4%), and -1.6% over 20.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
